TC Energy Sells Mexican Pipeline to Esentia for $560 Million
TC Energy Corp. has announced it will sell its Guadalajara-Manzanillo pipeline in Mexico to Esentia Energy Development for $560 million, as part of its continued focus on portfolio optimization and long-term value creation.
The 313-kilometre pipeline connects imported liquefied natural gas near Manzanillo and continental gas supply near Guadalajara to power plants and industrial customers in the states of Colima and Jalisco.
TC Energy CEO François Poirier said the sale is part of the company's efforts to optimize its portfolio, but will continue to own and operate a broader natural gas pipeline network in Mexico, including about 3,300 kilometres of pipeline.
The deal is expected to close in the first half of 2027, subject to customary closing conditions, regulatory approvals and consents.